Harnessing green Sukuk for sustainable development in MENA

The GCC countries are keen to lead in innovative finance as they develop financial centers and diversify their economies. Additionally, government and government-related entities responsible for the clean energy build out in the Middle East are becoming regular issuers of bonds and sukuk, given the long gestation and life cycle of energy projects.
In this context, a Shariah-compliant “Green Sukuk” would be an ideal investment instrument for the MENA region as it would meet the investment requirements of Shariah-compliant investors from the GCC, Asia and global institutional investors increasingly cognizant of the benefits of environment, CSR and corporate governance compliant investments………………………………………..Full Article: Source